Space Industry and Business News
INTERNET SPACE
Who might buy TikTok in the US?
Who might buy TikTok in the US?
By Glenn CHAPMAN
San Francisco (AFP) Jan 29, 2025

As the clock ticks down on TikTok's 75-day reprieve from divesting from its Chinese owners or being banned in the United States, several contenders are in the running.

Here's a look at who could save the app before the April 5 deadline.

- Elon Musk -

While Musk hasn't publicly expressed interest in acquiring TikTok, his $44 billion acquisition of Twitter (now X) in 2022 demonstrates his appetite for social media investments.

Musk has criticized the potential ban, arguing that "it is not just about TikTok, it is about censorship and government control!"

His close relationship with the Trump administration and the US president's explicit openness to Musk as a buyer have fueled speculation the Tesla titan could sweep in and buy it.

A report that Chinese officials were considering selling the company's US operations to Musk X was met with a firm denial from TikTok.

- Larry Ellison -

Oracle, led by Larry Ellison, already plays a crucial role in TikTok's US operations as its trusted data storage provider -- a relationship that dates back to previous negotiations during the first Trump administration.

With Ellison's personal fortune of $207 billion -- ranking behind only Musk, Amazon's Jeff Bezos and Meta's Mark Zuckerberg, according to Forbes -- Oracle is frequently mentioned as a front-runner. Ellison is also a longtime Donald Trump ally.

Currently, Oracle is key to keeping TikTok available to US users at the request of Trump.

- Microsoft -

US tech colossus Microsoft stands out as a compelling potential buyer, armed with deep pockets and significant technological capabilities in artificial intelligence and cloud computing.

Asked late Monday if Microsoft was in discussion for acquiring TikTok, Trump told reporters: "I would say yes."

While the company founded by Bill Gates has historically dominated in productivity and enterprise software, it has struggled to establish a strong presence in social media and search-based advertising.

According to CFRA Research senior vice president Angelo Zino, Microsoft's interest stems from a desire to strengthen its position beyond LinkedIn, which it owns, in the digital advertising space.

- MrBeast -

Internet personality MrBeast, whose real name is Jimmy Donaldson, commands over 340 million YouTube subscribers and 113 million TikTok followers. He has joined forces with Recruiter.com Ventures founder Jesse Tinsley to pursue an acquisition.

"Okay fine, I'll buy TikTok so it doesn't get banned," Donaldson said in a mid-January post on X.

Donaldson's casual tweet reportedly attracted serious attention from numerous billionaires. The group has made an all-cash offer that they claim addresses US national security concerns while preserving the platform's essence.

- Project Liberty -

Real estate and sports tycoon Frank McCourt's Project Liberty initiative has launched "The People's Bid for TikTok," in a campaign joined by investor Kevin O'Leary, known from the "Shark Tank" television show in which entrepreneurs pitch ideas in bids for venture capital.

This unique approach includes a crowdfunding element aimed at giving individuals and small businesses a stake in TikTok's future.

McCourt emphasizes their "clean, American-made tech stack" as a key differentiator that could enable a seamless transition.

- Perplexity AI -

The AI-powered search engine has proposed a unique merger structure that would allow ByteDance's investors to retain much of their equity while integrating more TikTok video content into Perplexity's platform, according to a CNBC report.

- Steven Mnuchin -

Steven Mnuchin, who served as US Treasury Secretary during Trump's first term as president, announced last year that he was amassing investors to bid for TikTok.

When asked about the effort recently on CNBC's Squawk Box program, Mnuchin said it was put on hold because ByteDance would not negotiate but that they were going to be following developments closely.

- No deal? -

"The real question though is will TikTok sell to any of them," independent tech analyst Rob Enderle said of the situation.

TikTok does not appear overly motivated regarding the sale of the app, and Chinese firm DeepSeek's AI chatbot has grabbed the tech community's attention -- potentially taking the spotlight off TikTok.

Related Links
Satellite-based Internet technologies

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
INTERNET SPACE
Netflix reports surge in subscribers, new price hikes
San Francisco (AFP) Jan 22, 2025
Netflix on Tuesday said it added nearly 19 million subscribers during the holiday season to finish out last year with more than 300 million subscribers. Company executives credited steady investments in shows and films with helping power growth at the streaming behemoth, while announcing it is increasing prices in Argentina, Canada, Portugal and the United States. "As we continue to invest in programming and deliver more value for our members, we will occasionally ask our members to pay a little ... read more

INTERNET SPACE
Materials Can Remember Sequences of Events in Unexpected Ways

EdgeCortix SAKURA-I AI Accelerator Validated for Radiation Resilience in Space Missions

DeepSeek, Chinese AI startup roiling US tech giants

Rubbish roads: Nepal explores paving with plastic

INTERNET SPACE
SpaceX set to launch Hisdesat's SpainSat NG I satellite on January 28

Controversy in Italy over potential deal with Musk's SpaceX

Quadsat and NATO NCIA validate Quadsat system for WGS compliance testing

ESA to support development of secure EU communications satellite constellation

INTERNET SPACE
INTERNET SPACE
Sierra Space resilient GPS Satellite Program achieves major development milestone

Slingshot Aerospace to enhance USSF technology for GPS jamming and spoofing detection

SATELLAI introduces satellite and AI-driven pet wearables

SpaceX launches Space Force Rapid Response Trailblazer

INTERNET SPACE
UK eyes third Heathrow runway in growth takeoff bid

UK backs third Heathrow runway in growth takeoff bid

French patrol aircraft threatened by Russian military: minister

France, Norway say jet fighter deliveries to Ukraine 'on schedule'

INTERNET SPACE
Shares in Dutch chip giant ASML soar on bullish orders

Mizzou scientists leverage layered crystals for next-gen energy solutions

DeepSeek's 'Sputnik moment' exposes holes in US chip curbs

'Good news': Dutch chip giant ASML welcomes DeepSeek

INTERNET SPACE
Italian Space Agency entrusts Thales for role in EO surface biology and geology mission with NASA

How NISAR satellite will transform earth observation

Technology for oxidizing atmospheric methane won't help the climate

Pakistani satellite joins two others in successful launch

INTERNET SPACE
Bacteria found to eat forever chemicals - and even some of their toxic byproducts

Mafia waste victims seek justice in Italy's 'Land of Fires'

Paraguayan orchestra turning trash into tunes stage London show

Bangkok air pollution forces 352 schools to close

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.